Business Ticket Guarantee Stickers Drive Saturday Shoe Industry To Run Faster

In the past three years, the scale of assets has increased from 310 million yuan to 520 million yuan, the sales scale has increased from 400 million yuan to 800 million yuan, and the chain store has increased from less than 400 to 1030. On Saturday, the footwear Limited by Share Ltd of Foshan (hereinafter referred to as "Saturday company") has been running faster and faster year by year, ranking among the top three of Chinese women's leather shoes sales. A few days ago, Li Gang, vice president and finance manager of the company, revealed that the company's initial listing guidance work is basically in place and is expected to be listed in 2008. When exploring the Financial Fulcrum of the company's rise, we found that the commercial acceptance bill ensured the discount. On Saturday, the company not only produced self brand ST&SAT (Saturday), FONDBERYL (Faye Polly M), SAFIYA (Sofia), but also China's general agent of Italy famous brand KILLAH and BALDININI. "This enterprise is very economical." Yan Xunkun, customer manager of Pingzhou branch, Foshan branch of Xingye Bank, has been contacting the company for three years. Some details are: the company has strict and good assessment standards for electricity consumption. Chairman Zhang Zemin's car has remained unchanged for many years. "Some CEOs in Foshan often change trains." According to Yan Shun, the bank was first contacted with the company on Saturday in 2004, when the latter was relatively small in size, and the operation needed to be optimized, without collateral for fixed assets. Other banks involved in the company's credit were related to the guarantee. But the analysis of Xingye Bank thinks that the company's main business is clear, the actual controller industry has rich experience, has the initial conditions and scale of brand operation, the sales network construction is relatively complete, the brand effect has begun, and it has a good reputation; the management team is good; it is in a period of rapid development; credit is better. At the same time, about 50% of the company's products are licensed by other enterprises for production. These upstream enterprises have worked together for many years, quite a few have strong strength, assets are excellent, operators are steadfast and low-key, basically have no liabilities, and some enterprises even rely on Saturday's company to start up. After the expansion of enterprises, they still have deep feelings for Saturday companies. In view of the above situation, combined with the real trade background, the bank gradually decided that the best companies should be selected from the upstream enterprises at the beginning of the credit, and the company would be crediting on Saturday through the way of business ticket payment. The joint liability of upstream non associated enterprises is better than that of other banks. On Saturday, May 2005, the company became the first batch of public credit clients of the Foshan branch of Xingye Bank, with an open letter of $20 million. Then gradually increased to 30 million yuan. On Saturday, the total loan amount of the company in the half year period was 59 million yuan, the total amount of 102 million yuan was opened, the total discount amount was 60 million yuan, and at the same time, there were no less than 10 million yuan settlement Deposit and 30 million yuan deposit. As of October this year, international business settlement amounted to 4 million 530 thousand US dollars. In addition, it also promoted the retail business development of the bank and some upstream shoe companies to open accounts in the bank.